The Peter Schiff Show Podcast Powell Dashes Hopes for a December Rate Cut - Ep 1048
Oct 30, 2025
The Federal Reserve's recent rate decisions come under scrutiny, highlighting the ongoing impacts of inflation and the end of quantitative tightening. Peter Schiff emphasizes how gold's rising value reflects underlying financial instability. He contrasts the performances of gold and Bitcoin, pointing out the risks of overvalued tech stocks tied to cheap money. Discussions also unpack the political pressures on the Fed and the true state of the economy, challenging the optimistic narrative from officials.
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Casual Opening And World Series Timing
- Peter opens with sponsor promos and personal remarks about slowing down in fall.
- He frames the episode as a pre-World Series podcast and sets a conversational tone.
Fed Stops QT — Debt Monetization Confirmed
- The Fed ended quantitative tightening and will stop shrinking its balance sheet in December.
- That confirms permanent monetization of government debt and signals banana-republic style policy.
Mortgage Market Won't Get Full Relief
- The Fed will roll maturing MBS into Treasuries, so the mortgage-backed portion of the balance sheet will keep shrinking.
- That implies mortgage rates may rise despite the end of QT, hurting the housing market.